August 26, according to the Financial Times in the UK, as tensions with the cryptocurrency industry escalate, Wall Street is calling for a re-evaluation of stablecoins.
A stablecoin is a cryptocurrency that is pegged to a fiat currency, commodity, or financial asset, designed to maintain price stability through an asset-collateral mechanism. Its core value lies in combining the advantages of blockchain technology with the stability of traditional finance, and it is widely used in areas such as cross-border payments and digital asset trading.
Original source: www.toutiao.com/article/1841464173627392/
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